Shares of BankUnited, Inc. (NYSE:BKU) have been assigned an average rating of “Buy” from the fifteen brokerages that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $41.10.

BKU has been the topic of a number of research analyst reports. ValuEngine cut shares of BankUnited from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Morgan Stanley reissued an “overweight” rating and set a $39.00 price objective (down previously from $40.00) on shares of BankUnited in a research report on Thursday, July 6th. BidaskClub cut shares of BankUnited from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 16th. Bank of America Corporation reissued a “buy” rating and set a $46.00 price objective on shares of BankUnited in a research report on Monday, July 10th. Finally, BMO Capital Markets reissued a “hold” rating and set a $40.00 price objective on shares of BankUnited in a research report on Friday, July 7th.

Shares of BankUnited (BKU) traded up 2.11% during mid-day trading on Friday, hitting $34.30. The stock had a trading volume of 720,536 shares. BankUnited has a 1-year low of $28.13 and a 1-year high of $41.00. The firm’s 50 day moving average price is $33.31 and its 200 day moving average price is $34.55. The company has a market cap of $3.66 billion, a P/E ratio of 15.35 and a beta of 1.07.

BankUnited (NYSE:BKU) last released its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.04. The company had revenue of $269.48 million for the quarter, compared to analysts’ expectations of $258.47 million. BankUnited had a net margin of 19.54% and a return on equity of 9.81%. During the same quarter in the prior year, the firm earned $0.52 EPS. Analysts predict that BankUnited will post $2.37 earnings per share for the current fiscal year.

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In related news, Chairman John Adam Kanas sold 200,000 shares of the firm’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $32.65, for a total value of $6,530,000.00. Following the transaction, the chairman now owns 948,070 shares of the company’s stock, valued at approximately $30,954,485.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jeffrey Starr sold 7,445 shares of the firm’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $35.08, for a total transaction of $261,170.60. Following the completion of the transaction, the insider now directly owns 29,000 shares in the company, valued at approximately $1,017,320. The disclosure for this sale can be found here. In the last ninety days, insiders sold 586,035 shares of company stock worth $19,373,735. 5.10% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd lifted its position in BankUnited by 142.0% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 17,412 shares of the financial services provider’s stock valued at $587,000 after acquiring an additional 10,217 shares in the last quarter. Nomura Holdings Inc. lifted its position in BankUnited by 41.8% in the 2nd quarter. Nomura Holdings Inc. now owns 11,386 shares of the financial services provider’s stock valued at $384,000 after acquiring an additional 3,355 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in BankUnited by 54.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 268,720 shares of the financial services provider’s stock valued at $9,058,000 after acquiring an additional 95,253 shares in the last quarter. BlueCrest Capital Management Ltd bought a new position in BankUnited in the 2nd quarter valued at about $276,000. Finally, State Street Corp lifted its position in BankUnited by 5.4% in the 2nd quarter. State Street Corp now owns 4,027,935 shares of the financial services provider’s stock valued at $135,782,000 after acquiring an additional 207,520 shares in the last quarter. 98.24% of the stock is currently owned by institutional investors and hedge funds.

About BankUnited

BankUnited, Inc is the bank holding company of BankUnited (the Bank). The bank is a national banking association. As of December 31, 2016, the Bank provided a range of banking services to individual and corporate customers through 94 banking centers located in 15 Florida counties and six banking centers in the New York metropolitan area.

Analyst Recommendations for BankUnited (NYSE:BKU)

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